Neo Energy Metals Share Discussion Threads

[restassured] 14/10/2009 07:35

Excellent!

I am looking forward to the share breaking 100p in the next 12 months.

[whatgoesupcomesdown] 14/10/2009 07:13

Contract win with RSA


TIDMNEO

RNS Number : 7127A
Neovia Financial PLC
14 October 2009

?
RSA chooses NEOVIA Payment Suite as standard for processing payments for
MORE TH>N and other insurance brands


Secure, resilient processing platform chosen for all consumer insurance brands




Wednesday, 14th October 2009 - NEOVIA Financial Plc (LSE: NEO), the independent
global online payments business, today announced it has been chosen by RSA as
the standard to process payments for all its brands, including its leading MORE
TH>N insurance brand with two million customers.


In the initial deployment, NEOVIA will use its payment suite to process card
payments online and by telephone for MORE TH>N's consumer-facing insurance
services. This includes both one-off and scheduled bill payments, and features
NEOVIA's industry leading NETBANX Unified PayPage technology which delivers PCI
DSS compliance out of the box together with a highly customisable
user-experience.


A key reason why RSA chose NEOVIA for MORE TH>N is its multiple physical data
centres, providing improved resilience, lower risk for payment processing and
high levels of business continuity. Only a few "enterprise-class" payment
providers can offer multiple data centres in different geographies with failover
and disaster recovery capabilities. These multiple data centres are ready
configured and primed for the unlikely event of one of the other sites going
down though a downstream supplier problem or major disaster.


Mark Christer, Managing Director at MORE TH>N, said: "NEOVIA was able to offer a
flexible payment system that gives us options for future development, coupled
with the security of multiple data centres and thorough business continuity
plans, with the stability from an enterprise-class payment solutions provider."


Dan Starr, Executive Vice President at NEOVIA, said: "This contract win with a
major insurance brand demonstrates RSA's confidence in the NEOVIA Payment Suite
to efficiently and robustly handle payments. We also expect RSA to gradually
roll out the Payment Suite across multiple brands over the next few months once
MORE TH>N has gone live, enabling more customers to benefit from its
capabilities."


MORE TH>N is a brand of RSA, one of the world's largest insurance companies and
a FTSE 100 company. MORE TH>N provides its customers with access via the
telephone and internet to an extensive product range including home, motor, pet
and travel insurance.


The NEOVIA Payment Suite features the NETBANX international payments gateway,
the NETELLER e-wallet and Net+(TM) cards. NETBANX allows merchants to accept
card and non-card payments through multiple channels including online, contact
centres, mail order and via automated phone systems. The NETELLER e-wallet
allows consumers to spend securely online as well as allowing merchants to
increase customer lifetime value. Net+ cards allow merchants to extend customer
loyalty and lifetimes. As well as cards, the NEOVIA Payment Suite supports
online payments direct from consumers' online bank accounts.

[woozle1] 30/9/2009 08:23

Rest
Same thought went through my mind when I saw the announcement this morning. That being said, I'm not sure what this deal does for Neovia; other than increasing functionality.

W

[25cent] 29/9/2009 19:05

He did better than that he put two of his own men on the board one an accountant the other a expert in corporate takeovers.
You work it out?
I seriously doubt that
A, That this basically same old management team apart from the new CEO could turn a bus around.
B, that's this will be around in 6 months as a PLC no need to worry about 18 the months rest talks about.

Still we all think the shares are going higher only for glaringly obvious different reasons.
BTW those two 25k's today was my top up.

[woozle1] 29/9/2009 16:47

I'm with you rest. 18 months from now earnings should be going north again and the prospect for re entering the US online gaming market should give the co a real boost.

All companies take time to turn and this is no exception; especially given a lazy management team who got fat on the positive carry of the free float. The new management will have to sing for their supper and that's got to be good thing. I've seen companies that have it good for too long just get lazy and loose the ability to adapt to changing events. I'm hoping that Mr Desmond puts a rocket up these guys. They're still getting management bonuses as revenues and earnings fall. That can't be right. The only other company I've seen pay themselves a cut of earnings regardless of growth and profitability is Euromoney.

W

[targatarga] 28/9/2009 19:21

billing up today...

[restassured] 28/9/2009 13:26

Up she goes.

Its the closest company to Paypal(owned by Ebay) that you can invest in.


Two years down the road there is no reason the shares are not back over 200p.

[25cent] 23/9/2009 09:21

The problem is Rest all the constant RNS about this contract win or another never ever feed onto the bottom line as can be seen by the results.

How they can reduce turnover and margins and profit in this environment is quite inexcusable.
I notice they have now put the NEWTELLER launch back 4 months as well.

[restassured] 23/9/2009 09:14

Paypal continues to grow at very strong rates and they see no signs of a slowdown.

Neovia is the world's largest independent online payment processor and with the bad news all behind us,is ready for a rerating.

If this was listed in the USA,the shares would be trading way up in the pound.

£1 a share a year from now is quite attainable.

[kramch] 18/9/2009 14:54

1 question - RNS 19-08-09 Appointment of Mark Mayhew as President & Chief Executive Officer to Lead Next Stage of NEOVIA's Development.
...is pleased to announce the appointment of Mark Mayhew as President and Chief Executive of NEOVIA, commencing 1 September 2009.
Mark has a highly successful track record in senior executive roles in consumer financial services companies in the UK and internationally. The major part of his career has been with blue chip corporations, primarily in retail financial services and cards and payments operations (including leading NatWest's issuing and acquiring businesses as COO, and Head of UK Consumer Banking at Morgan Stanley) and leading CIMS, the individual memberships business of Cendant. He served as Non Executive Director with a specialist technology consulting business, Detica Group Plc (a FTSE 250 business), until its acquisition last year by BAE Systems plc. Most recently, Mark was chief executive of Debrett's Limited and is also currently non-executive Chairman of the JAC Travel Group, guiding the next stage of its strategic development.
Mark was appointed following a comprehensive, international search process. The Chairman of NEOVIA, Dale Johnson, commented: "Mark was the stand-out candidate from a number of very strong individuals and we are particularly pleased to welcome him as NEOVIA's new President & CEO. Mark is a very accomplished executive and his proven credentials in strategy formulation, operational development and Plc governance, coupled with his deep financial services and payments expertise, uniquely qualify him to lead NEOVIA at this exciting time."

Does anyone have any info on our new President & CEO?
(Let's see whether Mark puts Actions behind warm words and loads up his e-wallet with shares.)

2. note the continuing write-offs (notes 7, and 14);

In the second quarter of fiscal 2009, the Group recorded an impairment loss of $4.6 million, representing complete impairment of the investment in Centricom Pty Ltd.

Acquisition costs of $928,527 were expensed during the first six months of 2009 (Full Year 2008: $620,439). They are considered to have no future economic benefit and have accordingly been expensed in the period.

I guess these are not in the headline profit figures, why should they be, just a bit of clearing out of the cupboard!

K.

[restassured] 18/9/2009 10:16

This is kitchen sink stuff as is normal when a new boss being installed.

I expect better news forthwith.

I remain a buyer.

Ho de hum

[woozle1] 18/9/2009 10:15

For a company with large cash balances, this is not a horrendous set of numbers. The share price tells you the market are not expecting great numbers. Hence the share price has not moved that much. It's still trading on a single digit ex-cash p/e and next year should the benefit of new IT system. So a combo of reduced costs and, hopefully, some revenue growth, should drive the business in 2010.

At the risk of sounding optimistic, these look like trough numbers. The P&L will no longer be flattered by easy interest income, which is going to focus management who will have to work harder on marketing, improving functionality and leveraging the brand. This is no bad thing. I think management have had it too easy (and it is the only company I know that includes interest income in the operating profit!) for too long. Customer sign ups are increasing as are daily balances and are all signs that operationally the business is going in the right direction. No need for despair and it is important to bear in mind that all businesses take time to turn.

W

W

[25cent] 17/9/2009 07:52

Lets be realistic the numbers are horrendous yet again.

Financial Results:
* Group revenue $32.6 million (H1 2008: $35.9 million)
* E-wallet revenue down 9%, vs H1 2008
* Gateway revenue up 12%, vs H1 2008
* Gross margin at 56.2% (H1 2008: 61.6%)
* Income from operations (1) down 23% to $5.4 million (H1 2008: $7.0 million)
* Group cash & cash equivalents decreased to $73.4 million (31 December 2008:
$76.2 million); available "free cash" of $30.2 million

1Income from operations defined as gross profit less general and administrative
costs

[restassured] 17/9/2009 07:18

Mildy encouraging numbers.The forward statement sounds quite positive.
There is a new large shareholder,hence the recent price action.



Mark Mayhew, President & CEO of NEOVIA, added:
"I am very pleased to have joined NEOVIA and am reassured by these results which
demonstrate the resilience of the Company's business model even in the toughest
of economic environments. I shall be concentrating on creating substantial
shareholder wealth in the future and the board is fully supportive of this aim

[25cent] 15/9/2009 12:29

Nice covert buying over the last 2 weeks
Classic accumulation going on.

[25cent] 11/9/2009 14:49

Nice AT buying at 59p.
Surely it can not be long now before this company is taken private.

[25cent] 11/9/2009 14:12

Look who's back.
Well folks that no doubt brings a end to normal reasonable discussion that we have enjoyed over the last few days

[woozle1] 09/9/2009 20:23

Feels like there is seller of the shares. My guess is Standard Life. Once these guys are cleared out, the shares should do better.

W

[woozle1] 09/9/2009 15:08

I agree about murky Isle of Man dealings. Interesting how Jim Mellon had a notifiable stake and probably sold it to Desmond for a loss??
W

[theserp] 09/9/2009 12:49

A irish perspective on Ted:

[woozle1] 09/9/2009 11:32

Polythene
I've been to a few Irish downtown bars in Boston and as an Englishman I've never felt welcome. Boston was the centre for Noraid, who were making large contributions to the IRA. Sorry they were donations to boys clubs! Anyways, I'm not trying to make a point but merely to point out the strong links between Boston where Barney Franks is in power and the Irish community.
W
PS
Apologies if you are Irish and I have offended you.

[25cent] 09/9/2009 11:02

This share has always had more to do with the murky gaming sector in the isle of Man than anywhere else.

[polythene] 09/9/2009 10:12

Woozle1,

I think the reference to Boston being a particularly Irish City is appropriate, but what's with the IRA reference? It reads as if Desmond has contacts with Irish American IRA sympathisers. Ted Kennedy was the best example of Irish American influence in the city of Boston, nothing to do with the IRA.